For Traders

Analytical Reviews

Technical analysis

18.03.201404:07 Forex Analysis & Reviews: Daily analysis of USDX for March 18, 2013

Long-term review

Essas informações são fornecidas a clientes profissionais e de varejo como parte da comunicação de marketing. Elas não contêm e não devem ser interpretadas como consultoria, recomendação de investimento ou uma oferta ou solicitação para se envolver em qualquer transação ou estratégia em instrumentos financeiros. O desempenho passado não é uma garantia ou previsão de desempenho futuro. A Instant Trading EU Ltd. não se responsabiliza pela exatidão ou integridade das informações fornecidas, ou por qualquer perda decorrente de qualquer investimento com base em análises, previsões ou outras informações fornecidas por um funcionário da Empresa, ou de outra forma. O termo de responsabilidade completo está disponível aqui.

Daily chart: The USDX is approaching the support level of 79.19. The bearish bias remains very strong, so it is very likely that the USDX start making corrective movements as the USDX is oversold on low charts. However, if the USDX does make a breakout in the support level of 79.19, it's expected to fall to the level of 78.12. The MACD indicator is in negative territory.

H4 chart: The USDX continues to find support at the 79.32 level, so it is very likely that the USDX is forming a triple bottom pattern to continue rising. However, if the USDX does make a breakout at the support level, it is expected to fall to the level of 78.75. The USDX remains below the 200 SMA and MACD indicator is in neutral territory.

H1 chart: The USDX is trying to consolidate below the 79.39 level, so it is expected that the USDX falls to the support level of 79.13. If the USDX makes a bullish rebound at current levels, it is expected to rise to the resistance level of 79.64, where the 200-day moving average is located. The MACD indicator is in neutral territory.

Trading recommendations for today: Based on the H1 chart, place sell (short) orders only if the USD Index breaks with a bearish candlestick; the support level is at 79.39, take profit is at 79.13, and stop loss is at 79.64.

Voltar a lista

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.